A three-year examination of reverse mortgage complaints to the Consumer Financial Protection Bureau shows that borrowers often didn’t understand the terms of those loans, including how quickly th eir loan balances would go up and their home equity would fall, the bureau said in a new report.
Many in the financial services industry will advise you not to pay down your mortgage. I can’t disagree more. Why? Because a mortgage is essentially the inverse of a bond:
What's quickly eating up a growing share of retirees' money these days? Not health care, as you might expect, according to a new report by the National Center for Policy Analysis.
You probably know that AARP represents the interests of older Americans. But did you know that it's actually out there in court, making sure that the rights of people 50+ are not violated?
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